First Manhattan Co. decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,884 shares of the exchange traded fund’s stock after selling 600 shares during the period. First Manhattan Co.’s holdings in SPDR Gold Shares were worth $2,242,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Webster Bank N. A. grew its holdings in shares of SPDR Gold Shares by 86.0% in the 3rd quarter. Webster Bank N. A. now owns 1,380 shares of the exchange traded fund’s stock valued at $156,000 after buying an additional 638 shares during the period. Canton Hathaway LLC acquired a new position in SPDR Gold Shares in the 3rd quarter worth $540,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in SPDR Gold Shares in the 3rd quarter worth $138,000. Bellecapital International Ltd. boosted its stake in SPDR Gold Shares by 27.5% in the 3rd quarter. Bellecapital International Ltd. now owns 24,023 shares of the exchange traded fund’s stock worth $2,709,000 after purchasing an additional 5,178 shares during the period. Finally, Rathbone Brothers plc boosted its stake in SPDR Gold Shares by 4.7% in the 3rd quarter. Rathbone Brothers plc now owns 110,630 shares of the exchange traded fund’s stock worth $12,475,000 after purchasing an additional 4,976 shares during the period.
Shares of NYSEARCA GLD opened at $116.01 on Friday. SPDR Gold Shares has a 1-year low of $111.06 and a 1-year high of $129.51.
SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).
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